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Business, 25.06.2020 07:01 yungkxng57

Selected hypothetical financial data of Target and Wal-Mart for 2022 are presented here (in millions). Target Wal-Mart Corporation Stores, Inc. Income Statement Data for Year Net sales $65,300 $417,000 Cost of goods sold 45,000 301,000 Selling and administrative expenses 14,000 79,000 Interest expense 660 1,800 Other income (expense) (85) (380) Income tax expense 1,500 7,100 Net income $ 4,055 $ 27,720 Balance Sheet Data (End of Year) Current assets $16,000 $50,000 Noncurrent assets 27,400 121,000 Total assets $43,400 $171,000 Current liabilities $11,000 $54,000 Long-term debt 17,800 43,000 Total stockholders’ equity 14,600 74,000 Total liabilities and stockholders’ equity $43,400 $171,000 Beginning-of-Year Balances Total assets $45,000 $162,000 Total stockholders’ equity 12,800 66,000 Current liabilities 10,800 54,000 Total liabilities 32,200 96,000 Other Data Average net accounts receivable $7,600 $3,800 Average inventory 7,100 33,200 Net cash provided by operating activities 5,600 27,400 Capital expenditures 1,600 12,100 Dividends 470 4,200

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